So how much will it cost to own a piece of the company?
Okay, so this isn’t the juiciest part of Ferrari’s quest to go public but it’s still important. The company just filed for an initial public offering (IPO) and will be listed on the New York Stock Exchange. We’ve known about the Ferrari IPO for a while now. The question was never “if” but “when” and “how much.” Those questions weren’t answered in the IPO filing; we’ll have to wait until mid-October when the company officially goes public. What we do know, and have known, is that only 10 percent of the company will be public.
Another 10 percent will be owned by founder Enzo Ferrari’s son, Piero, while current Fiat Chrysler Automobiles (FCA) shareholders will get the remaining 80 percent. This means that the best, and likely cheapest, way to buy Ferrari is to buy FCA stock before the company goes public. It’s not known how many shares of Ferrari will be available (probably not a lot) or what they will go for (probably a lot). There's been tons of questions about how much the company is worth, with conservative estimates ranking in the billions. All will be known come October, so be sure to have your E-Trade account up and running by then.